Video-of-the-Day: New Listing for Sportsbook Provider FansUnite Entertainment Inc. (CSE:FANS)

FansUnite focuses on technology related to legal & regulated online gaming market.

eResearch | Today’s Video-of the-Day is from InvestmentPitch Media about FansUnite Entertainment Inc. (CSE:FANS) as the Company has a new listing on the CSE and started trading on May 5, 2020.

FansUnite focuses on technology related to legal & regulated online betting, gambling and other related products.

The principal business of FansUnite is operating the FansUnite Sportsbook and the website of its wholly-owned subsidiary, McBookie Limited.

Acquired in March 2020, McBookie has been a provider of online gaming services to the UK market for more than 10 years. McBookie’s offerings include real and virtual sports betting and online casino games.

FansUnite is also a provider of technology solutions, products and services in the global gaming and entertainment industries focusing on both the Business-to-Business (B2B) and Business-to-Consumer (B2C) markets.

To learn more about the FansUnite’s new listing, you can access today’s Video-of-the-Day here:

Concurrent with the listing, FansUnite raised $3.1 million from the placement of approximately 8.95 million shares priced at $0.35 per share.

FansUnite emerged from Victory Square Technologies (CNSX:VST), a technology accelerator with over 20 portfolio companies; Victory Square currently owns approximately 12.4 million shares or 17% of FansUnite.

FanUnite continues to look for other acquisitions, targeting global gaming and entertainment companies.

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FIGURE 1: McBookie Website

2020-05-15 McBookie website
Source: McBookie.com

 

 

 

About Chris Thompson 354 Articles
Chris Thompson is the President and Director of Equity Research at eResearch. He is a Professional Engineer and CFA Charterholder with a MBA in Investment Management and over 15 years of experience in software development, FinTech, telecommunications, and information technology. For the past 10 years, he has worked in the Capital Markets in Equity Research, M&A Investment Banking and Consulting in various sectors.